LTPZ Options History — May 2014

In May 2014, LTPZ traded between $62.54 and $65.54. ATM implied volatility averaged 9.6%, placing in the 5.7% IV rank vs the trailing year. The 30-day expected move averaged 2.9%. IV traded below realized volatility by 2.7% (HV 20d: 12.3%). Max pain ranged from $61.00 to $61.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 18 of 21 days.

Notable Days

  • 2014-05-02: Highest Volume — 36 contracts
  • 2014-05-13: Largest IV spike — 36.9% change
  • 2014-05-28: Highest IV Rank — 8.3%
  • 2014-05-28: Largest Expected Move — 3.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$63.93$62.54$65.54$63.36$65.01
Max Pain$61.00$61.00$61.00$61.00$61.00
ATM IV9.6%6.1%10.7%10.4%9.8%
Expected Move2.9%2.7%3.1%3.0%2.8%
HV 20d12.3%10.6%14.8%10.6%14.1%
HV 60d11.7%11.1%12.4%11.5%12.3%
IV Rank5.7%0.0%8.3%6.3%6.7%
IV Percentile9.1%0.0%19.8%15.1%8.7%
Term Structure0.4%-0.5%1.2%0.1%-0.1%
Skew 25d0.0%-0.8%0.5%0.3%-0.8%
Skew 10d-0.7%-4.4%18.7%-0.6%18.7%
Call IV 25d10.2%9.6%11.0%10.3%11.0%
Put IV 25d10.3%9.4%10.9%10.6%10.1%
Bid-Ask Spread %95.6482.63125.46111.8289.47
Gamma HHI0.200.160.350.190.25
Net GEX-24.3K-43.5K-3.6K-3.6K-43.5K
Net DEX138.0K-62.2K379.8K-34.1K379.8K
Net VEX-1.5K-1.8K-847-902-1.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume6.33303600
Total OI164.8578818988187

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-05-01$63.36$0.0010.4%3.0%10.6%6.3%0.0%0.3%0.1%-3.6K-34.1K-9020.00111.82003454
2014-05-02$64.05$0.009.6%2.8%10.6%4.8%0.0%-0.2%0.3%-6.0K-62.2K-8470.00125.460363454
2014-05-05$63.40$61.0010.1%3.0%11.6%5.7%0.0%0.5%0.2%-12.8K-11.8K-1.0K0.0097.380263490
2014-05-06$63.59$61.009.7%2.9%10.7%5.0%0.0%0.1%0.4%-20.3K73.7K-1.5K0.0087.290034116
2014-05-07$63.34$61.009.5%2.9%10.8%4.6%0.0%0.1%0.4%-20.8K84.2K-1.5K0.0098.3801334116
2014-05-08$63.26$61.008.4%2.8%10.8%2.7%0.0%0.1%0.9%-22.4K98.1K-1.6K0.0098.1501434129
2014-05-09$62.98$61.008.3%2.8%10.7%2.4%0.0%0.2%0.9%-26.2K188.7K-1.6K0.0091.790024143
2014-05-12$62.54$61.006.1%2.8%10.7%0.0%0.0%0.3%0.5%-24.5K211.4K-1.5K0.0097.950024143
2014-05-13$62.92$61.008.3%2.8%10.8%4.0%0.0%0.3%0.8%-25.0K183.9K-1.6K0.0092.770024143
2014-05-14$63.85$61.008.2%2.8%11.8%3.8%0.0%0.4%1.2%-22.3K112.7K-1.5K0.0098.520024143
2014-05-15$64.87$61.0010.5%3.0%12.9%7.9%0.0%0.4%0.8%-22.0K65.8K-1.4K0.00103.9102224143
2014-05-16$64.70$61.0010.4%3.0%12.2%7.8%0.0%0.2%0.6%-29.2K150.1K-1.8K0.0098.110024165
2014-05-19$63.84$61.0010.6%3.0%13.4%8.1%0.0%-0.3%0.1%-27.9K201.2K-1.8K0.0082.630024165
2014-05-20$64.05$61.0010.5%3.0%13.3%7.9%0.0%-0.4%0.2%-28.4K186.4K-1.8K0.0083.170024165
2014-05-21$63.60$61.0010.1%2.9%13.5%7.1%0.0%-0.2%0.3%-28.4K217.9K-1.8K0.0084.880024165
2014-05-22$63.82$61.009.5%2.7%13.5%6.1%0.0%-0.1%0.5%-28.0K197.2K-1.7K0.0090.480024165
2014-05-23$64.17$61.009.5%2.7%13.6%6.1%0.0%-0.4%0.4%-28.6K169.5K-1.7K0.0089.890024165
2014-05-27$64.25$61.009.6%2.7%13.3%6.2%0.0%0.2%0.2%-28.4K154.8K-1.7K0.0092.810024165
2014-05-28$65.54$61.0010.7%3.1%14.6%8.3%0.0%0.2%-0.4%-29.5K88.7K-1.6K0.0096.250024165
2014-05-29$65.29$61.0010.6%3.0%14.8%8.0%0.0%-0.3%-0.5%-32.9K241.4K-1.5K0.0097.320220165
2014-05-30$65.01$61.009.8%2.8%14.1%6.7%0.0%-0.8%-0.1%-43.5K379.8K-1.6K0.0089.47000187